Question
A 5 year semiannual coupon bond with a face value of $1,000 trades at $938. The market-determined discount rate is 9%. What is the coupon
A 5 year semiannual coupon bond with a face value of $1,000 trades at $938. The market-determined discount rate is 9%. What is the coupon rate? Answer in percent and round to two decimal places.
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Personal Financial Planning
Authors: Randy Billingsley, Lawrence J. Gitman, Michael D. Joehnk
15th Edition
978-0357438480, 0357438485
